The Federal Deposit Insurance Corp. was appointed receiver of the bank on Thursday. With about $13 billion in assets as of May 2, it called itself the largest banking institution headquartered in Florida.

The bank has been sold to a group of investors including Wilbur Ross and Blackstone, and will operate as a newly chartered savings bank also called BankUnited.

But don't let these events spook you. The Fast Money desk doesn't find them disturbing in the least. "I like seeing that private equity is involved," muses Tim Seymour. "We need the private capital and smart guys like Ross and Blackstone," should inspire confidence.

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